Thursday, October 09, 2008

Good to see the stock market doing so well

I give all the credit to the central banks. World-wide cooperation, world-wide calamity. It's nice that we're all in it together.

In related news, an African diplomat was pleading with Western nations not to cut off foreign aid. Because it's so effective at eliminating poverty in Africa, you know. Ron Paul described foreign aid as "taking money from poor people in rich countries, and giving it to rich people in poor countries." That seems to be accurate. Look at the Myanmar situation, for example. The aid that went into the country was used by the authoritarian regime in charge to strengthen its grip on power. Sanctions aren't any better. Both cost us money, and don't help the bad situations.